The Wet Seal to Exit Arden B Business

The Wet Seal, a specialty retailer to young women, announced that it will begin winding down its Arden B brand. Arden B currently operates 54 mall-based stores and an e-commerce web site. John D. Goodman, Chief Executive Officer, stated, "This was a difficult decision that followed a comprehensive review of the business and market dynamics. We would like to thank all of our Arden B team members for their hard work and dedication to the brand, and also extend our gratitude to our loyal customers."